Bitwise put Solana ETF discussions within the highlight this week with the launch of its new product, the Bitwise Solana Staking ETF (BSOL).
Notably, the fund started buying and selling on NYSE Arca and was certainly one of three altcoin ETFs that went dwell yesterday after securing regulatory approval regardless of the continued authorities shutdown. Alongside BSOL, Canary Capital launched two different funds: the Canary HBAR ETF (HBR) and the Canary Litecoin ETF (LTCC).
Bitwise Spotlights Its Solana ETF Product
In a put up on X after the primary buying and selling day, Bitwise described BSOL as the most important spot Solana ETF in the marketplace. The corporate stated the fund goals to stake all of its belongings and carries a 0.20% administration charge.
Nevertheless, Bitwise will waive this charge for the primary three months on the primary $1 billion in belongings. It additionally confirmed that buyers will obtain 100% of staking rewards throughout that similar interval with no deductions. Notably, BSOL ended its debut day with $57.6 million in buying and selling quantity and $285.9 million in belongings beneath administration (AUM), in response to Bitwise.
Information from the official Bitwise web site reveals that each the gross and web staking reward charges at present stand at 7.32%, although these numbers might change over time. The corporate targets a full 100% of belongings staked, however as of now, about 82% have been deployed.
Additional, the Bitwise Solana ETF holds 1,462,104 SOL tokens value roughly $288.9 million. Every share represents 0.13 SOL, with Solana accounting for your complete allocation. The fund’s web asset worth (NAV) sits at $25.82, with Coinbase performing because the custodian.
How the Bitwise Solana ETF Carried out on Its Debut
Earlier than buying and selling started, Bloomberg Senior ETF Analyst Eric Balchunas known as the launch an enormous second for the crypto ETF market. Forward of the opening, Balchunas predicted BSOL would see $52 million in buying and selling quantity on day one, whereas HBR and LTCC would attain $8 million and $7 million, respectively.
When markets closed, Balchunas shared that BSOL outperformed his estimate, posting $56 million in buying and selling quantity. HBR matched expectations with $8 million, whereas LTCC closed with $1 million.
Balchunas later identified that BSOL’s debut ranked because the strongest of any ETF launch in 2025, surpassing high-profile merchandise like XRPR, SSK, Ives, and BMNU.
$BSOL‘s $56m is the MOST of any launch this yr.. Greater than $XRPR, $SSK, Ives and $BMNU. And what’s wonderful is it seeded with $220m. It might have invested seed on Day One, which might have resulted in $280m-ish, can be much more than $ETHA‘s debut. Sturdy begin both approach.
— Eric Balchunas (@EricBalchunas) October 28, 2025
He additionally revealed that BSOL launched with $220 million in seed capital. Based on him, if Bitwise had invested that seed capital on the primary day, complete buying and selling quantity might have reached about $280 million. This is able to have been greater than BlackRock’s iShares Ethereum ETF (ETHA) managed throughout its personal debut.
In the meantime, the newest information from the analytics agency Sosovalue, which has already begun monitoring the Bitwise Solana ETF, reveals that BSOL attracted $69.45 million in inflows on its first day.
Not lengthy after BSOL’s launch, Grayscale rolled out its transformed Solana Belief ETF (GSOL), which additionally started buying and selling in the present day. Analysts now await first-day efficiency information from GSOL to see the way it compares to Bitwise’s early success.
Consideration Shifts to XRP ETFs
In the meantime, consideration has shifted to XRP, as a number of corporations, together with Bitwise, Canary Capital, Grayscale, WisdomTree, and Franklin Templeton, await approval for their very own XRP ETFs. Apparently, Bloomberg analysts and Polymarket place odds of approval at basically 100%.
Nate Geraci, President of NovaDius Wealth Administration, praised BSOL’s efficiency, noting that it posted the best first-day buying and selling quantity amongst roughly 850 ETF launches this yr, citing Balchunas’ information. Geraci argued that XRP ETFs might witness an analogous reception or much more.
DisClamier: This content material is informational and shouldn’t be thought-about monetary recommendation. The views expressed on this article might embody the creator’s private opinions and don’t replicate The Crypto Fundamental opinion. Readers are inspired to do thorough analysis earlier than making any funding selections. The Crypto Fundamental is just not liable for any monetary losses.
